Following the latest hike in Nigeria’s inflation rate on Tuesday October 15, 2024, economic think-tank, the Centre for the Promotion of Private Enterprise (CPPE) has cautioned...
The Transmission Company of Nigeria (TCN) said on Tuesday efforts to fully repair the national grid are almost complete following a partial disturbance on Monday. The...
The Nigerian equities market gained a massive N3.4 trillion at the close of trading on Tuesday. This followed a surge in the share prices of stocks...
The World Bank has approved a $500-million grant to support Nigeria’s recovery efforts from the impacts of the COVID-19 pandemic. The funds will be utilised through...
After two consecutive declines, the consumer price index (CPI), which measures the rate of change in prices of goods and services, rose to 32.7 percent in...
The Central Bank of Nigeria (CBN) has sounded the alarm on cybersecurity, urging banks to invest heavily in safeguarding depositors’ savings from hackers. Speaking at the...
The World Bank has disclosed that the current economic reforms like the floating of naira, subsidy removal among others being enacted by the Nigerian government must...
The Nigerian equities market began the week on a positive note on Monday, October 14, 2024 as investors gained a massive N3.4 trillion at the end...
Nigeria’s average crude oil production in the month of September dipped to 1.324 million barrels per day, fresh data by the Organisation of Petroleum Exporting Countries...
Investors in the Nigerian equities market gained N49.5 billion at the close of trading last week. This followed the growth in the equity capitalisation to N56.08...
Following the Federal Government’s approval of the Independent Petroleum Marketers Association of Nigeria (IPMAN) to lift crude directly from the Dangote Refinery, the two parties will...
The Nigerian Electricity Regulatory Commission (NERC) has revealed that customers from Benin Republic, Niger, and Togo owe the country $5.79 million for electricity supply in the...
Air Peace has come out in defense of its Chairman and Chief Executive Officer, Dr. Allen Onyema, and Chief of Finance and Administration, Mrs. Ejiro Eghagha,...
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has denied reports that his committee proposed a reduction in the Federal...
Ibeju Lekki has emerged as a hotspot for tourism and investment opportunities in recent times. This article explores the burgeoning tourism sector in Ibeju Lekki, highlighting...
Investors in Nigerian equities market experienced a mixed trading week gaining N49.53bn on the floor of the Nigerian Xchange Group (NGX) as equity capitalisation increased to...
The Lagos Chamber of Commerce and Industry (LCCI) has demanded that the Federal Government tell Nigerians the truth on the petrol subsidy. The LCCI also lamented...
The Federal Government has cleared independent marketers to lift Premium Motor Spirit {PMS} commonly known as petrol from the Dangote Refinery without going through the Nigerian...
A fresh data by the Nigeria Electricity Regulatory Commission (NERC) has shown that the numbers of meter installation by electricity distribution companies (DisCos) in Nigeria dipped...
As Nigerians are reeling from the latest fuel price increase, human rights lawyer Femi Falana has joined the chorus of dissent, stating unequivocally that the Nigeria...
The Nigerian equities market continued its bearish sentiment on Thursday as investors lost N5 billion at the close of the day’s trading. This followed the dip...
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has identified “difficulty in landing products” as the possible reason for the recent hike in the...
The ongoing fuel scarcity in Nigeria has taken a dire turn, with the Independent Petroleum Marketers Association of Nigeria (IPMAN) revealing that the Nigerian National Petroleum...
A Federal High Court in Lagos, on Thursday, dismissed a lawsuit filed by the Manufacturers Association of Nigeria (MAN) challenging the implementation of the Band A...
The Federal Government, on Wednesday, distanced itself from the recent hike in petrol prices, which has sparked widespread outrage across Nigeria. Minister of Information and National...
The Federal Inland Revenue Service (FIRS) has taken a significant step towards revolutionizing tax administration in Nigeria with the launch of an unstructured supplementary service data...
The Nigerian equities market sustained its bearish trend on Wednesday as investors lost N56 billion at the close of the day’s trading. This followed the dip...
The Nigerian National Petroleum Company (NNPC) Limited has again increased the price of premium motor spirit, popularly known as petrol, across its retail outlets. The price...
The Federal government of Nigeria has revealed that plans are afoot by a consortium of investors from South Korea to build four 100,000-barrel capacity refineries in...
Domestic airlines under the aegis of Airline Operators of Nigeria (AON) have turned their attention to Dangote Refinery and Petrochemical Plant for their supply of JET...
The Institute of Chartered Accountants of Nigeria (ICAN), has called on the Federal Government to take decisive action in addressing critical economic challenges bedevilling the country....
Africa’s richest man, Alhaji Aliko Dangote, claimed on Tuesday the 650,000-barrel-per-day refinery was built without a single incentive from the Federal Government. The billionaire industrialist has...
Investors in the Nigerian Equities Market lost N70 billion at the close of trading on Tuesday. This followed the dip in the share prices of stocks...
Nigeria’s capital importation dropped to $2.6 billion in the second quarter of this year. The National Bureau of Statistics (NBS) disclosed this in its capital Importation...
Indications have emerged that Dangote Refinery and Petrochemicals Plant might have curtailed its purchased of US crude and has in turn turned its attention to domestic...
The Central Bank of Nigeria (CBN) has assured Nigerians about the safety of all monies deposited in financial institutions across the country. The apex bank in...
The Federal Government has issued a stern directive to electricity distribution companies (Discos) to replace weak distribution networks in their franchise areas within seven days. This...
Nigeria’s Securities and Exchange Commission (SEC) has declared the country a major player in the global cryptocurrency market, particularly in peer-to-peer transactions. Emomotimi Agama, SEC’s Director-General,...
The Nigerian equities market started the week on a positive note as investors amassed a N107bn profit at the end of trading on the floor of...
An economic think tank, Agora Policy, has demanded a review of the Petroleum Industry Act (PIA) following the decline in the dividend by the Nigerian National...
The Central Bank of Nigeria (CBN) on Monday admitted that the increase in the interest rate to 27.25% was “painful” for borrowers. The apex bank however...
The National Bureau of Statistics (NBS) has revealed in a new report that residents of Ogun, Lagos, and Rivers States paid more for a balanced diet...
Investors in the Nigerian equities market endured heavy losses on the floor of the Nigerian Exchange Group (NGX) last week. The investors lost N121.07 billion in...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, said at the weekend the apex bank introduced the Electronic Foreign Exchange Matching System (EFEMS)...
In the last two years, Nigeria has achieved a remarkable production of at least five trillion standard cubic feet of natural gas, underscoring the country’s vital...
There are certain documents that ought to be in your possession when you buy any property in lagos. Before starting your project, make sure you have...
In a bid to ease the pressure on foreign exchange reserves, Nigeria has officially commenced the sales of crude oil and refined petroleum products in naira,...
Investors in Nigerian equities market enjoyed a trading week to forget incurring a loss of N539.09bn on the floor of the Nigerian Xchange Group (NGX) as...
The chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, said on Friday the commission would go after corporate organisations evading tax in the...
The Nigerian equities market recovered from previous losses on Friday as investors went home with a N262 billion profit at the close of the day’s trading....
